6 Easy-To-Remember Financial Tips For Forgetful People

Your intentions may be good, but sometimes your memory ruins your
best attempts at trying to save more. Being forgetful when you're
managing your finances can actually be quite damaging. For
example, if you continually forget to pay off a bill, not only
will it result in penalty fees, it may very well lower your
credit score. And lower credit scores will cost you in many ways,
which include being charged higher interest rates and fees when
you're trying to take out certain types of loans. For those of
you who are prone to forgetfulness, read these tips:

Automate: If you're like most people, you'll
have to transfer money to several accounts — savings, bills,
investments, and more — every month. Make your life simple by
scheduling these payments. Automating is great because you're
paying off what needs to be paid off first and you'll never
forget to move your money to where it needs to be.

Use Mint
alerts: Sign up for a free Mint account to
conveniently manage your money online and set alerts for
reminders. Mint has more than 20 different types of alerts and
will send you email or text prompts to let you know if you go
over your set budget, if you're late on a bill, if your balance
is low, and other important money reminders.

Set aside a day to pay bills: If you're not
going to rely on the bill alerts for Mint, you might want to
use a simple system of setting aside one day to pay your bills.
Just mark it on the calendar and talk to the companies you're
dealing with to see if they're willing to move the payment date
so you can better align the dates the bills are due.

Use your digital calendars: Spend a day on the
weekend to organize your Google,
Outlook, or any other type of digital calendar, and mark some
important dates. Set days you want to review how much you're
contributing to your different accounts, when you should check
your credit score, file insurance claims, do your taxes, and
other important personal finance tuneups.

Read on for more money tips forgetful people should keep in mind.

Sell your stuff: Stuff can easily pile up in
and be forgotten, so it's a good idea to reduce clutter and
sell unnecessary items online on sites like Craigslist
and Amazon.
It's hard for forgetful people to remember what they have when
it's not visible, so having fewer items will make it easier to
see — and use — what you have.

Evaluate your subscriptions: Take stock of
your subscriptions right now to see if you're really watching
all those cable channels in your package or if you're making
use of that expensive gym membership. Explore alternatives to
cable and fancy gyms to see if you can get
something that's more budget-friendly and that suits your
needs. Forgetful people tend to leave their subscriptions and
memberships open without bothering to cancel them, so start
afresh by making a move to close accounts you don't need.